Monday 2 November 2009

Financial firms hurt by crisis but profits keep coming

Financial brokerage companies in the UAE are still making profits despite taking a hit from the global recession, which has resulted in a 57 per cent drop in revenues in the sector, according to a study.

The study, conducted by Truth Economic Consultants in Abu Dhabi, also found that the majority of financial brokerage houses are still operating and are generally optimistic about the future.

The study made a comparison of the results of 32 financial brokerage companies in the first half of 2009 with those of the same period last year

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